All Forum Posts by: Tim Macy

Buying off-market will rarely be passive.  Much more title issues and usually you're going to be dealing with properties that need work.  It really depends on how much work you want to put in.  

Turnkey rentals in good blue collar markets with strong rent/value ratios and solid management is the best single family way to go in my opinion. 

Give me a shout when you get into San Antonio! 

I recommend going with a local lender. I've always had more success that way. Are you looking at an FHA 203k loan? Those are difficult and there arent many lenders that are very experienced with them. Feel free to shoot me a message, I have a couple good lenders that I know will pick up the phone every time.

@Kenneth McKeown is another agent that has picked up some good rental deals in his area of North Dallas which is pretty competitive! 

Side note: I miss having a Dunkin Donuts on every corner. 

Hey @Rachel Steenland!  @Sterling Williams has been hunting deals for buyers all year. He's on top of everything that comes on MLS and has taken care of every buyer I've sent his way.

I would connect with @Sterling Williams for the multi family properties, he's actively marketing for them every day and has sourced a lot for my buyers this year. 

Don't just look at the commission split, there are a lot of different things different brokerages offer in exchange for that split.  Look at a few, the biggest mistake I see new agents make is not checking out all of the options. 

We work with Stacey Dimmitt at Capital Title.  Go with an independent title company that pulls from different underwriters. 

When you run comps in the neighborhood, terms and seller concessions should be taken into consideration.  Most areas show some consistency with what you can expect to pay and types of financing types typically used.  Hopefully this can help you run your numbers going in.  

Seller concessions are normal in most neighborhoods in San Antonio. Most buyers in this market have very minimal cash to come out of pocket. Keep that in mind when taking an FHA offer over a conventional, know that if there are any appraisal issues, the buyer will have nothing to cover the difference.